Labor Compensation for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
Index 2017=100
IPUGN4233U110000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
151.89
Year-over-Year Change
114.56%
Date Range
1/1/1987 - 1/1/2024
Summary
The Index 2017=100 measures the monthly production of nondurable consumer goods in the United States. It is a key indicator of economic activity and consumer demand.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Index 2017=100 is a monthly time series that tracks the industrial production of nondurable consumer goods, such as food, clothing, and pharmaceuticals. It is used by economists and policymakers to assess the health and trajectory of the U.S. consumer sector.
Methodology
The index is calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Historical Context
The Index 2017=100 is closely monitored by the Federal Reserve and other institutions for insights into consumer spending and inflationary pressures.
Key Facts
- The base year for the index is 2017.
- Nondurable goods account for approximately 30% of total U.S. industrial production.
- The index reached a record high in 2021 amid strong consumer demand.
FAQs
Q: What does this economic trend measure?
A: The Index 2017=100 measures the monthly production of nondurable consumer goods, such as food, clothing, and pharmaceuticals, in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Index 2017=100 is a key indicator of economic activity and consumer demand, providing insights into the health of the U.S. consumer sector.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Federal Reserve based on surveys of industrial facilities.
Q: How is this trend used in economic policy?
A: The Index 2017=100 is closely monitored by the Federal Reserve and other institutions for insights into consumer spending and inflationary pressures.
Q: Are there update delays or limitations?
A: The Index 2017=100 is published monthly with typical release delays of around 2-3 weeks.
Related Trends
Sectoral Output for Wholesale Trade: Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS 4249) in the United States
IPUGN4249T300000000
Employment for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42W201000000
Real Sectoral Output for Wholesale Trade: Machinery, Equipment, and Supplies Merchant Wholesalers (NAICS 4238) in the United States
IPUGN4238T010000000
Sectoral Output Price Deflator for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232T051000000
Sectoral Output Price Deflator for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
IPUGN423T050000000
Sectoral Output Price Deflator for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210T051000000
Citation
U.S. Federal Reserve, Index 2017=100 (IPUGN4233U110000000), retrieved from FRED.